≈ How to conquer fear. ≈

Basically, people have two types of fear when it comes to financial markets:

• Fear of losing money
• Fear of missing out

The first one is pretty self-explanatory. You put money in the stock market › you lose › you enter in get-me-out-of-here mode. “The stock market is too risky”, “this gambling stuff is not for me”, blah blah blah. The list goes on forever, especially when the blood alcohol concentration is high during a heated social interaction.

The second one is not that obvious. By definition, the Fear Of Missing Out (FOMO) is “a pervasive apprehension that others might be having rewarding experiences from which one is absent. […], which may lead to a compulsive concern that one might miss an opportunity for social interaction, a novel experience, a profitable investment, or other satisfying events.”

The first is pretty easy to conquer. No self-help needed. Just put your money in the safest and most secure asset class you can find. Your mattress does not count, please.

On the other hand, if you want to conquer the second, you will have to make some of your money work in the stock market.

However, if you are the type of person that don’t want to miss opportunities and don’t want to lose money, i.e., you want to eliminate FOLM and FOMO altogether, sorry. We hate to bring good people bad news, but that’s just impossible.

The solution to this problem is mastering the Holy Trinity of Trading: Portfolio Design, Position Sizing, and Risk-Reward Ratio.

Stay tuned for the third part of the Trading Justice series “The Holy Trinity of Trading”, coming out in the next couple of days. Sign up for free here, to conveniently receive the gorgeous PDF in your inbox once it’s released.

Chart of the Day

Submit, citizen.

Speaking of fear, yesterday, Twitter users had a glimpse of the future. A computer simulation of an Amazon mothership was posted on the bluebird’s channel (see the Video Of The Day).

They are here. Maybe they’re coming for us. Submit, citizen.

Video of the Day

The Mothership

They are here. Maybe they’re coming for us. Submit, citizen.

Today’s line up

Traders Lounge 11PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

The Coaches Show Replay

If you missed last night’s episode where Coaches Mark Justice & Noah Davidson talked about how to prepare and place straddles for earnings or would like to watch it again, check it out here.

Tackle 25 MasterMind Group 8:30PM EST

Join and learn how to better use the Covered Call System with the Tackle 25 with Coach Noah Davidson.

Halftime Report 12:30PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Market Recap

The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.

Trading Justice Episode 315: Beau Henderson on Financial Planning

In this episode of the Trading Justice Podcast, Tim interviews Beau Henderson, the bestselling author of 9 books, host of The RichLife show and writer for one of the largest financial publishing houses in the country.

Financial freedom is a journey

The Tackle Today series is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

# Sign up now for a 15-DAY FREE TRIAL #

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.